diff --git a/Source/Core/VideoCommon/FramebufferManager.cpp b/Source/Core/VideoCommon/FramebufferManager.cpp
index 6f4e132c06..e28cf0b5cc 100644
--- a/Source/Core/VideoCommon/FramebufferManager.cpp
+++ b/Source/Core/VideoCommon/FramebufferManager.cpp
@@ -7,6 +7,7 @@
 #include "VideoCommon/FramebufferShaderGen.h"
 #include "VideoCommon/VertexManagerBase.h"
 
+#include "Common/ChunkFile.h"
 #include "Common/Logging/Log.h"
 #include "Common/MsgHandler.h"
 #include "VideoCommon/AbstractFramebuffer.h"
@@ -464,6 +465,20 @@ bool FramebufferManager::CompileReadbackPipelines()
       return false;
   }
 
+  // EFB restore pipeline
+  auto restore_shader = g_renderer->CreateShaderFromSource(
+      ShaderStage::Pixel, FramebufferShaderGen::GenerateEFBRestorePixelShader());
+  if (!restore_shader)
+    return false;
+
+  config.framebuffer_state = GetEFBFramebufferState();
+  config.framebuffer_state.per_sample_shading = false;
+  config.vertex_shader = g_shader_cache->GetScreenQuadVertexShader();
+  config.pixel_shader = restore_shader.get();
+  m_efb_restore_pipeline = g_renderer->CreatePipeline(config);
+  if (!m_efb_restore_pipeline)
+    return false;
+
   return true;
 }
 
@@ -842,3 +857,102 @@ void FramebufferManager::DestroyPokePipelines()
   m_color_poke_pipeline.reset();
   m_poke_vertex_format.reset();
 }
+
+void FramebufferManager::DoState(PointerWrap& p)
+{
+  FlushEFBPokes();
+
+  if (p.GetMode() == PointerWrap::MODE_WRITE || p.GetMode() == PointerWrap::MODE_MEASURE)
+    DoSaveState(p);
+  else
+    DoLoadState(p);
+}
+
+void FramebufferManager::DoSaveState(PointerWrap& p)
+{
+  // For multisampling, we need to resolve first before we can save.
+  // This won't be bit-exact when loading, which could cause interesting rendering side-effects for
+  // a frame. But whatever, MSAA doesn't exactly behave that well anyway.
+  AbstractTexture* color_texture = ResolveEFBColorTexture(m_efb_color_texture->GetRect());
+  AbstractTexture* depth_texture = ResolveEFBDepthTexture(m_efb_depth_texture->GetRect());
+
+  // We don't want to save these as rendertarget textures, just the data itself when deserializing.
+  const TextureConfig color_texture_config(color_texture->GetWidth(), color_texture->GetHeight(),
+                                           color_texture->GetLevels(), color_texture->GetLayers(),
+                                           1, GetEFBColorFormat(), 0);
+  g_texture_cache->SerializeTexture(color_texture, color_texture_config, p);
+
+  if (GetEFBDepthFormat() == AbstractTextureFormat::D32F)
+  {
+    const TextureConfig depth_texture_config(
+        depth_texture->GetWidth(), depth_texture->GetHeight(), depth_texture->GetLevels(),
+        depth_texture->GetLayers(), 1,
+        AbstractTexture::GetColorFormatForDepthFormat(GetEFBDepthFormat()), 0);
+    g_texture_cache->SerializeTexture(depth_texture, depth_texture_config, p);
+  }
+  else
+  {
+    // If the EFB is backed by a D24S8 texture, we first have to convert it to R32F.
+    const TextureConfig temp_texture_config(depth_texture->GetWidth(), depth_texture->GetHeight(),
+                                            depth_texture->GetLevels(), depth_texture->GetLayers(),
+                                            1, AbstractTextureFormat::R32F,
+                                            AbstractTextureFlag_RenderTarget);
+    std::unique_ptr<AbstractTexture> temp_texture = g_renderer->CreateTexture(temp_texture_config);
+    std::unique_ptr<AbstractFramebuffer> temp_fb =
+        g_renderer->CreateFramebuffer(temp_texture.get(), nullptr);
+    if (temp_texture && temp_fb)
+    {
+      g_renderer->ScaleTexture(temp_fb.get(), temp_texture->GetRect(), depth_texture,
+                               depth_texture->GetRect());
+
+      const TextureConfig depth_texture_config(
+          depth_texture->GetWidth(), depth_texture->GetHeight(), depth_texture->GetLevels(),
+          depth_texture->GetLayers(), 1, temp_texture->GetFormat(), 0);
+      g_texture_cache->SerializeTexture(depth_texture, depth_texture_config, p);
+    }
+    else
+    {
+      PanicAlert("Failed to create temp texture for depth saving");
+      g_texture_cache->SerializeTexture(color_texture, color_texture_config, p);
+    }
+  }
+}
+
+void FramebufferManager::DoLoadState(PointerWrap& p)
+{
+  // Invalidate any peek cache tiles.
+  InvalidatePeekCache(true);
+
+  // Deserialize the color and depth textures. This could fail.
+  auto color_tex = g_texture_cache->DeserializeTexture(p);
+  auto depth_tex = g_texture_cache->DeserializeTexture(p);
+
+  // If the stereo mode is different in the save state, throw it away.
+  if (!color_tex || !depth_tex ||
+      color_tex->texture->GetLayers() != m_efb_color_texture->GetLayers())
+  {
+    WARN_LOG(VIDEO, "Failed to deserialize EFB contents. Clearing instead.");
+    g_renderer->SetAndClearFramebuffer(
+        m_efb_framebuffer.get(), {{0.0f, 0.0f, 0.0f, 0.0f}},
+        g_ActiveConfig.backend_info.bSupportsReversedDepthRange ? 1.0f : 0.0f);
+    return;
+  }
+
+  // Size differences are okay here, since the linear filtering will downscale/upscale it.
+  // Depth buffer is always point sampled, since we don't want to interpolate depth values.
+  const bool rescale = color_tex->texture->GetWidth() != m_efb_color_texture->GetWidth() ||
+                       color_tex->texture->GetHeight() != m_efb_color_texture->GetHeight();
+
+  // Draw the deserialized textures over the EFB.
+  g_renderer->BeginUtilityDrawing();
+  g_renderer->SetAndDiscardFramebuffer(m_efb_framebuffer.get());
+  g_renderer->SetViewportAndScissor(m_efb_framebuffer->GetRect());
+  g_renderer->SetPipeline(m_efb_restore_pipeline.get());
+  g_renderer->SetTexture(0, color_tex->texture.get());
+  g_renderer->SetTexture(1, depth_tex->texture.get());
+  g_renderer->SetSamplerState(0, rescale ? RenderState::GetLinearSamplerState() :
+                                           RenderState::GetPointSamplerState());
+  g_renderer->SetSamplerState(1, RenderState::GetPointSamplerState());
+  g_renderer->Draw(0, 3);
+  g_renderer->EndUtilityDrawing();
+}
diff --git a/Source/Core/VideoCommon/FramebufferManager.h b/Source/Core/VideoCommon/FramebufferManager.h
index b97d45b31e..b4ae99361d 100644
--- a/Source/Core/VideoCommon/FramebufferManager.h
+++ b/Source/Core/VideoCommon/FramebufferManager.h
@@ -17,6 +17,7 @@
 #include "VideoCommon/TextureConfig.h"
 
 class NativeVertexFormat;
+class PointerWrap;
 
 enum class EFBReinterpretType
 {
@@ -95,6 +96,9 @@ public:
   void PokeEFBDepth(u32 x, u32 y, float depth);
   void FlushEFBPokes();
 
+  // Save state load/save.
+  void DoState(PointerWrap& p);
+
 protected:
   struct EFBPokeVertex
   {
@@ -145,6 +149,9 @@ protected:
   void DrawPokeVertices(const EFBPokeVertex* vertices, u32 vertex_count,
                         const AbstractPipeline* pipeline);
 
+  void DoLoadState(PointerWrap& p);
+  void DoSaveState(PointerWrap& p);
+
   std::unique_ptr<AbstractTexture> m_efb_color_texture;
   std::unique_ptr<AbstractTexture> m_efb_convert_color_texture;
   std::unique_ptr<AbstractTexture> m_efb_depth_texture;
@@ -156,6 +163,9 @@ protected:
   std::unique_ptr<AbstractFramebuffer> m_efb_depth_resolve_framebuffer;
   std::unique_ptr<AbstractPipeline> m_efb_depth_resolve_pipeline;
 
+  // Pipeline for restoring the contents of the EFB from a save state
+  std::unique_ptr<AbstractPipeline> m_efb_restore_pipeline;
+
   // Format conversion shaders
   std::array<std::unique_ptr<AbstractPipeline>, 6> m_format_conversion_pipelines;
 
diff --git a/Source/Core/VideoCommon/FramebufferShaderGen.cpp b/Source/Core/VideoCommon/FramebufferShaderGen.cpp
index 5789c0a0d2..00ff753d92 100644
--- a/Source/Core/VideoCommon/FramebufferShaderGen.cpp
+++ b/Source/Core/VideoCommon/FramebufferShaderGen.cpp
@@ -644,4 +644,24 @@ std::string GenerateTextureReinterpretShader(TextureFormat from_format, TextureF
   return ss.str();
 }
 
+std::string GenerateEFBRestorePixelShader()
+{
+  std::stringstream ss;
+  EmitSamplerDeclarations(ss, 0, 2, false);
+  EmitPixelMainDeclaration(ss, 1, 0, "float4",
+                           GetAPIType() == APIType::D3D ? "out float depth : SV_Depth, " : "");
+  ss << "{\n";
+  ss << "  float3 coords = float3(v_tex0.x, "
+     << (g_ActiveConfig.backend_info.bUsesLowerLeftOrigin ? "1.0 - " : "")
+     << "v_tex0.y, v_tex0.z);\n";
+  ss << "  ocol0 = ";
+  EmitSampleTexture(ss, 0, "coords");
+  ss << ";\n";
+  ss << "  " << (GetAPIType() == APIType::D3D ? "depth" : "gl_FragDepth") << " = ";
+  EmitSampleTexture(ss, 1, "coords");
+  ss << ".r;\n";
+  ss << "}\n";
+  return ss.str();
+}
+
 }  // namespace FramebufferShaderGen
diff --git a/Source/Core/VideoCommon/FramebufferShaderGen.h b/Source/Core/VideoCommon/FramebufferShaderGen.h
index b0134b5897..2ec50b4d76 100644
--- a/Source/Core/VideoCommon/FramebufferShaderGen.h
+++ b/Source/Core/VideoCommon/FramebufferShaderGen.h
@@ -30,5 +30,6 @@ std::string GenerateEFBPokeVertexShader();
 std::string GenerateColorPixelShader();
 std::string GenerateFormatConversionShader(EFBReinterpretType convtype, u32 samples);
 std::string GenerateTextureReinterpretShader(TextureFormat from_format, TextureFormat to_format);
+std::string GenerateEFBRestorePixelShader();
 
 }  // namespace FramebufferShaderGen
diff --git a/Source/Core/VideoCommon/VideoState.cpp b/Source/Core/VideoCommon/VideoState.cpp
index 0fdeebcfa1..9b6418f98f 100644
--- a/Source/Core/VideoCommon/VideoState.cpp
+++ b/Source/Core/VideoCommon/VideoState.cpp
@@ -10,6 +10,7 @@
 #include "VideoCommon/CPMemory.h"
 #include "VideoCommon/CommandProcessor.h"
 #include "VideoCommon/Fifo.h"
+#include "VideoCommon/FramebufferManager.h"
 #include "VideoCommon/GeometryShaderManager.h"
 #include "VideoCommon/PixelEngine.h"
 #include "VideoCommon/PixelShaderManager.h"
@@ -74,6 +75,9 @@ void VideoCommon_DoState(PointerWrap& p)
   BoundingBox::DoState(p);
   p.DoMarker("BoundingBox");
 
+  g_framebuffer_manager->DoState(p);
+  p.DoMarker("FramebufferManager");
+
   g_texture_cache->DoState(p);
   p.DoMarker("TextureCache");